The global taxifolin market is estimated to value at around US$ 0.1 Bn in 2018, and is expected to register a CAGR of 5.7%. The report offers in-depth insights, revenue details, and other vital information regarding the global taxifolin market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global taxifolin market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global taxifolin market is segmented on the basis of type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Taxifolin is a flavanonol, and is a type of flavonoid, which is highly diversified and multi-substituted subgroup. Its raw material is wood of Dahurian and Siberian larches that grow abundantly.

Global Taxifolin Market Dynamics:

Taxifolin, also known as dihydroquercetin, is a favorable natural antioxidant, which possesses anti-microbial, antibacterial, antifungal, and anti-inflammatory properties. Taxifolin is used as an additive to food products, owing to its health benefit as an antioxidant and anti-inflammatory agent, and ability to stabilize shelf life of products over 12 to 36 months. In addition, presence of even small amounts of taxifolin can prevent “oxidative stress”, and also helps to protect the body against free radicals.

However, availability of substitute to taxifolin such as quercetin is expected to hamper growth of the global target market to certain extent. Development of more cost-effective production processes could help manufacturers to reduce end-product costs, and will help to gain major revenue share in markets across the globe

Global Taxifolin Market analysis by type:

On the basis of type segmentation, purity <95% segment is expected to contribute major revenue share and is estimated to maintain its dominance over the forecast period. This dominance is attributed to the rising demand in food and cosmetics applications. The purity ≥95% segment is estimated to register highest CAGR of over 5.5% during the forecast period, owing to rising demand in medical applications.

Global Taxifolin Market Analysis by applicationr:

On the basis of application segmentation, the food segment is expected to contribute major revenue share of the market and is expected to maintain its dominance over the forecast period. The food segment is projected to register significant CAGR over 5%, over the forecast period. Increasing demand for additives that improve shelf life of food products is expected to support revenue growth of the segment.

The medicine segment is estimated to contribute significant revenue share of the market over the forecast period, followed by healthcare products segment. The medicine segment is projected to register highest CAGR over 5.5%, during the forecast period, as taxifolin has ability to enhance blood flow to muscles and myocardium, and increasingly being used as an ingredient in sports supplements and other such products, and demand for these products are increasing significantly owing to rising awareness regarding health and wellness among younger individuals.

In addition, rising demand for personal care products and cosmetics globally, owing to changing lifestyles and increasing purchasing power of consumers is expected to propel revenue growth of the healthcare products segment over the forecast period.

Global Taxifolin Market Analysis by Region/Country:

The market in Europe accounted for highest revenue share in the global taxifolin market in 2017, and is expected to continue with its dominance over the forecast period. This can be attributed to increasing demand for taxifolin in major end-use applications such as food and cosmetics, coupled with increasing use of taxifolin as an ingredient in various drugs owing to its antibacterial, antifungal, anti-inflammatory properties. In addition, increasing prevalence of cancer, increasing government initiatives for spreading awareness about cancer and cancer treatment, and increasing R&D initiatives related to taxifolin are among some of the major factors boosting growth of the Europe taxifolin market currently.

The market in North America accounts for significant revenue share in the global taxifolin market. Demand for taxifolin has been increasing significantly due to its wide applications in industries such as food, pharmaceutical, and cosmetics. The pharmaceutical industry is relatively well developed in North America, and increasing use of taxifolin in pharmaceuticals owing to its anti-bacterial and anti-fungal properties is a major factor driving growth of the market in the region currently. In addition, taxifolin can also prevent cancer development, and is considerably less toxic than other compounds, which is resulting in increasing research activities to develop effective and less toxic drugs, owing to increasing incidence of cancer, and is another factor expected to drive revenue growth of the market in the region.

The China market is projected to register highest CAGR of over 6% in the global taxifolin market over the forecast period. Rising demand for taxifolin from various end-use industries, especially the pharmaceutical industry, is driving growth of the China market currently, and the trend is expected to continue over the forecast period. Moreover, increasing investment by public and private sectors boosting discovery and development of drugs that have less toxic effects is another factor expected to drive growth of the China market over the forecast period. Government initiatives for boosting domestic production of drugs that are affordable and effective, and which can primarily reduce imports are other factors expected to support growth of market in China.

The Japan market accounts for considerable revenue share in the global taxifolin market. Increasing demand for taxifolin in major applications such as medical and food, coupled with increasing penetration of sport nutrition owing to increasing international and national sporting events are major factors driving growth of the Japan market, currently. Taxifolin induces several biological effects, including anti-oxidative and Vitamin P activity. In addition, due to its compatibility with vitamins, mineral complexes, and medicinal plant extracts, it is being increasingly used in dietary supplements and pharmaceutical products, which is expected to fuel growth of the target market in the country.

Rising demand for bakery products, increasing meat consumption, coupled with food manufacturers focusing on preserving freshness, and increasing shelf life of products is in turn expected to drive growth of market in the region to a significant extent.

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